1.Tax free allowance increase in stages, to reach £10,000, currently £6,500.
2. Employees NIC going up slightly, but not employers NIC
3. CGT – going up from 18% to 40%, but likely to affect non-business assets, like second homes and shares.
4. VAT may go up from 17.5% to 20% or more.
Emergency budget will spell out the details.
effect of increase in tax free allowance may be tempered by increase in NICs
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